Intertape Polymer Group (ITP) Reports Q3 Loss of $0.07

Intertape Polymer Group (NYSE: ITP) reported Q3 EPS of ($0.07). Revenue for the quarter came in at $26.72 million.

Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented, "with decreases in both revenues and margins, our third quarter results highlighted continued challenges facing our business. With China's GDP registered the slowest growth rate since the first quarter of 2009, the continuing slowdown of China's growth momentum clearly took a toll on paper companies including us during the third quarter. Looking ahead, with the ongoing trade war between China and the U.S. as well as heightened government efforts on environmental protection, the paper industry faces significant risks and uncertainties, and, as a result, our financial performance could be volatile in the near term."

For earnings history and earnings-related data on Intertape Polymer Group (ITP) click here.

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